I agree, the skill inherent apparently in the US culture of using capital to scale things up compared to the rest of the west feels unappreciated. You give a US capitalist money, labour pool, and a goal, they will organize them to a system to deliver miracles. This is not obviously how things go! It is an underappreciated virtue.
I wonder if there is research on the topic - I mean Adam Smith is translated to all languages so it’s not about the ideas or non-tacit knowledge. Must be something institutional or otherwise cultural.
I wonder if there is research on the topic - I mean Adam Smith is translated to all languages so it’s not about the ideas or non-tacit knowledge. Must be something institutional or otherwise cultural.